Wages are about to jump faster than ever in history — for all the wrong reasons

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• Average hourly wages will likely jump between 4% and 6%, cumulatively, from March through May of this year. How can this be?
• Because we have just eliminated tens of millions of low-wage/low hour jobs and the mix of jobs has reversed in favor of better paying positions — for all the wrong reasons.
• The debate over why wages were growing so poorly since the great recession is now over – the answer is that the US was adding mostly low-wage/low-quality jobs.
• Dan Alpert is an adjunct professor at Cornell Law School and a founding managing partner of the New York investment bank Westwood Capital LLC.
• This is an opinion column. The thoughts expressed are those of the author.
• Visit Business Insider's homepage for more stories.

This Friday, the US Bureau of Labor Statistics will be releasing its Employment Situation Report — more commonly known as the jobs report — for the month of April 2020.

The jobs report will allow us all to see the broader impact of the unprecedented employment depression resulting from the coronavirus crisis. The size of the job loss is certain to be devastating, but some numbers may not look so bad.: Average hourly wages, hours worked and average weekly incomes will likely jump more on a month-over-month basis than ever before in the history of the data.See the rest of the story at Business Insider

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